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20130121
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NBC
Jan 20, 2013 8:00am PST
to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ >>> we're back. political director and chief white house correspondent chuck todd will take us inside the numbers of the latest poll as you tee up the second term, chuck. >> four years ago, enormous expectations for president obama. there were a lot of people, hope and change was big. this time, call it pragmatic hope as far as the public is concerned. as you see here, just less than 30% believe they're going to evaluate president obama with a clean fresh slate. 64% will evaluate him based on past feelings. and here, a continuation of a trend we saw throughout the first term. very similar to what ronald reagan dealt w
NBC
Jan 20, 2013 9:00am PST
and never take part in the industrial revolution? >> if your comparative advantage in the world economy is cheap manual labor, that is really precarious. a couple more ticks of moore's law. >> they can do similar things. >> the robots are getting more capable over time and cheaper over time. >> that could be devastating for india and china. >> it can. >> and maybe for us. >> i would rather have our problems than anybody else's problems right now the phenomenon you described is already taking place. you pointed out earlier that we've been shedding manufacturing jobs since about 1980 in this country, while output has gone up. what people don't realize is that the year peak manufacturing employment in china was 1996. they employ a lot fewer people now than they did then to make stuff. their manufacturing output is 77% greater than it was. >> now that you totally depressed us about the future of humanity, is there anything we can still do better than machines and will be able to for the foreseeable future? >> one of the things i learned is never say never. let me tell you what i've never se
NBC
Jan 20, 2013 4:00pm PST
of the economy. i think the question is how much will these issues from washington, whether it's the debt ceiling, the sequester, the lingering uncertainty over the long-term budget picture undermine confidence, lower the valuations of u.s. companies because people just have less confidence in long-term trajectory. >> jared, president obama starts his second term next week. his inauguration, of course, monday. what has he done right in the last four years, in your view, what could he have done better or has he done wrong? >> four years ago right around this time when i was a member of the administration's economic team i was remembering just the juks of position about the great hope and expectations and just the real horror of what was going on in macro economy. gdp contracting at 9%, losing 700, 800,000 jobs per month. i think the president came in and hit very hard and broke the back of the great recession a lot sooner than people expected, certainly the financial markets were reflated much more quickly than -- and at less ek pence than people expected. and pretty soon, really by the second hal
NBC
Jan 13, 2013 10:30am PST
secretary, will washington be an on stockles to the market and the economy or will washington be a help? joining me now is geg i and author of "the economist" and jerry webman, chief economist at oppenheimer funds. thanks for joining us. >> hi. >> greg, let me kick this up with you. president obama's pick for treasury secretary, chief of staff, jack lew, will take over for timothy geithner. is this a missed opportunity to be friendly to business, the business community, or is this a new call since it appears that nobody on earth knows this better than mr. lew. >> well, i think jamie dimon would build business between the community which feels a little bit alienated by the administration's first-term policies and mr. obama. but what they got is a guy -- not one of them, but does know the budget really well and the clearly the main challenge on the economic front for the first year is going to be on the fiscal front. insofar as jack lew has the trust of the president is in power to make deals, i would say that is is a positive. you do have to keep in mind he's not exactly the most trusted
NBC
Jan 14, 2013 7:00am PST
for new jobs, new opportunity and new security for the middle class. now, right now our economy is growing and our businesses are creating new jobs. so we are poised for a good year. if we make smart decisions and sound investments. and as long as washington politics don't get in the way of america's progress. as i said on the campaign, one component to growing our economy and broadening opportunity for the middle class is shrinking our deficits in a balanced and responsible way. and for nearly two years now, i've been fighting for such a plan, one that would reduce our deficits by $4 trillion over the next decade, which would stabilize our debt and our deficit in a sustainable way for the next decade. that would be enough not only to stop the growth of our debt relative to the size of our economy, but it would make it manageable so it doesn't crowd out the investments we need to make people and education and jobs and science research. step by step, we've made progress towards that goal. over the past two years i've signed into law about $1.4 trillion in spending cuts. two weeks ago i sign
NBC
Jan 17, 2013 5:30pm PST
pessimistic about its leaders here in d.c., and worse, they think washington is hurting the economy. the whole poll is on our website right now. nbcnews.com. >> boy, those numbers didn't have much far further to go. chuck todd in our d.c. newsroom tonight. thanks for all of it. >>> weather is making news tonight. a very large winter storm system has left quite a bit of snow on the ground from the deep south, and we're talking about mississippi, alabama, rare snow on the ground there, to the mid atlantic tonight. systems moving fast, but the snowfall where it's falling is heavy and intense. there is one storm-related death to report. thousands are without power. you're looking at a live picture of the scene outside richmond right now. they could get up to 6 inches there tonight with a rain/snow mix, hazardous travel expected tonight, right up through the carolinas. it will all move out to sea by tomorrow. it will knick the jersey shore and at least long island on its way out. >>> still ahead as our broadcast continues, the mystery coming ashore. the tsunami trash that floated halfway around the
NBC
Jan 15, 2013 4:30am PST
about the economy today. the dow rising 18 points in yesterday's trade and nasdaq slipping eight to close at 3117. here's our top story. treasury secretary tim geithner is calling on congress to raise the debt ceiling. in a letter to lawmakers geithner says it could cause harm to the u.s. economy. the government will run out of tools to avoid defaulting on debt sometime in late february or early march. that would mean social security and other government benefit checks would stop going out. fed chairman ben bernanke is joining the cause saying the economy isn't out of the woods just yet from fiscal threats. back to you. >> thank you very much, seema. >>> let's check in with meteorologist christina loren as we kind of adjust the shot. >> everyone come in. lean in. i'm the queen. you'll have to do something to stay warm out there this morning. lean back if that's what it takes. 4:47. it is cold out there this morning. you're going to need all the winter gear you have in your closet. you could wear the snowboarding gear to work this morning if you wanted to. stay warm. i definitely
NBC
Jan 16, 2013 5:00am PST
and hope for the south bay economy. here's what prompted the latest grounding yesterday. the only grounding so far. yesterday one of the 787 dream liners had to make an emergency landing in japan after a cockpit message warned of a battery problem. a japanese tv crew was on board, captured the evacuation which appeared to go smoothly. japan's transport ministry says this was a serious incident that could have resulted in an accident. in an e-mail to blumberg news boeing is aware of what happened and is working with customers. here in the united states there have been other problems including a battery fire and fuel leak which prompted the faa to review a safety review of all 787 aircraft. on friday, normanetta joined truck reid and the u.s. ambassador to japan to celebrate the launch of ana direct dreamliner service to tokyo. the first time this airport has had it in years. this new route could inject more than $70 million annually into the economy once the route starts up. it's not clear how long ana will keep the dreamliner grounded. bob riddle, "today in the bay." >> thank you. it's 5:14
NBC
Jan 14, 2013 3:00am PST
technology to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ woman: we're helping joplin, missouri, come back from a devastating tornado. man: and now we're helping the east coast recover from hurricane sandy. we're a leading global insurance company, based right here in america. we've repaid every dollar america lent us. everything, plus a profit of more than $22 billion. for the american people. thank you, america. helping people recover and rebuild -- that's what we do. now let's bring on tomorrow. >>> coming up, most american workers got their first paycheck of the new year on friday and they probably noticed it was a little bit smaller. sfwhapd well, in order to boost the economy back in 2010, congress lowered the social security tax withholding rate to 4.2% instead of the usual 6.2% for 2011 and 2012. it was called a payroll tax holiday and meant more money in the average paycheck but as of january 1st, the holiday's officially over 'cause congress did not extend i
NBC
Jan 20, 2013 6:00am PST
. >> the staaled economy another mountain to climb for the president. >> the overwhelming problem the economy is one that president obama has said is still undone. that's his biggest challenge for term two. >> perhaps a sign of the times, the president's second inaugural is much smaller. 10 inaugural balls four years ago. only two this time. and tomorrow what could be his last big chance to tell americans from coast to coast what he can do for them over the next four years. >> of course there are plenty of people around here not excited about this inauguration. a lot of republicans are skipping town. neither former president george w. bush nor his father, who was recently hospitalized with health problems, plan to attend. for more on the inauguration and president obama's second term, let's bring in david gregory, moderator of "meet the press". good to see you. >> good morning, lester. >> tomorrow the president will deliver his inaugural address. the first time around we typically hear optimistic, lofty ideal speeches. there is the reality after four years, what would you expect him to say to
NBC
Jan 16, 2013 6:00am PST
million plus to the south bay economy has been suspended as ana and japan airlines have grounded them for safety inspections. yesterday, one of ana's boeing 787 dreamliners had to make an emergency landing in japan after a cockpit message warned of a battery problem. a japanese tv crew was on board, captured on tape the evacuation which appeared to go smoothly. we can't hear of serious injuries. japan's transport ministry said this was a serious incident that could have resulted in an accident. in an e-mail to bloomberg news boeing said it is aware of what's happening and is working with the customer. this is the latest hick up involving the new dream liner n. the united states there have been problems including a battery fire and fuel leak which prompted the f.a.a. to begin a safety review of all 787 aircrafts. those flights that are between here and tokyo are suspended. there won't be the 11:40 flight scheduled to leave this morning bound for tokyo. i want to bring in our tech and business gou are you. scott, we were chatting on the phone. boeing struggled to manufacture this dreaml
NBC
Jan 18, 2013 5:00am PST
on "press: here" we'll examine what robots mean for the world economy. we sent factory jobs overseas. those jobs could come back to america and made by robots. one of the world's experts on technology and manufacturing from m.i.t. will be my guest this week. this could be a game changer in world politics. for about the last ten years we've been giving developing economies like china and india a taste of capitalism and growing standard of living. we're this close to taking the jobs away. the moment robots become cheaper to operate than people, what will happen with china when all those people lost their jobs? they're our biggest bank. i understand that we do have nbc. let's check in with whoever it is this morning. seema mody. good morning. >> it's me. hello. good morning. futures are mixed this morning after markets overseas specifically in japan rallied overnight. the nikkei moving higher after they said remarks on the yen were misinterpreted. intel reported disappointed earnings last night. stocks rose thursday on numbers with unemployment and housing market. we get earnings from general
NBC
Jan 15, 2013 11:00pm PST
is banking on the $70 million-plus, the service will pump into the airport and the local economy each year. and we understand that delegation from san jose that was on that inaugural flight is still in japan tonight. live from san jose international, stephanie traung. >>> how to best prevent oakland from shootings and sheet violence. the safety committee voted to brought in extra help. but it won't say about the figure at that decision. jean elle is in oakland where that meeting has been going on for hours. and they kind of passed the buck. >> reporter: the safety committee listened to hours of emotional testimony. mostly from people concerned about bill bratton's tactics. after a rowdy meeting, the committee voted to support outside help but not bill bratton. they say his reputation is just too toxic. hundreds of people at an oakland public safety meeting booed police chief howard jordan. >> let the public speak. >> reporter: stopping the chief from explaining why he supports to spend $250,000 to hire police chief bill bratton for advice on how to stop violent crime in oakland. >> why don
NBC
Jan 16, 2013 11:00am PST
-stop service will pump into the airport and the local economy each year. stephanie truong, nbc bay area news. >>> another cold start to your day but warmer temperatures. >> a heat wave. >> relatively speaking. i'll take it. >> come this weekend you might be sending me thank you letters. you can address them, nbc bay area, we're accepting those areas. we do have a warmup. it's gradual. it will take some time. marla is right on point as usual. it is warmer out there today, we'll hit the mid 60s in some cities. a murky layer of haze over san francisco. it is a spare-the-air day. it's illegal to burn the fire wood unless it's your only source of heat. the temperatures right now, you don't even need that fire wood. sunnyvale just hit 50 degrees. 48 in san jose and 49 in livermore. hazy sunshine for today. temps in the 60s. we'll see more 60s than 50s. by tomorrow, four to six degree warmup after we get through one more cold start. then as we get through the weekend, the 70s are possible. some of your beaches, we'll talk about which ones coming up. >> the good news is, marla keeps her floor heater
NBC
Jan 17, 2013 10:00pm PST
. just $199 per month. visit choosenissan.com. road and track called sentra an economy car minus the look and feel of an economy car. wonder how civic and corolla look and feel about that. the all-new nissan sentra, with best-in-class mpg. lease for $169 per month. visit choosenissan.com. >>> welcome back. in the first part of harry smith's report tonight, you determination to leave the church of scientology no matter the consequences. pudimos ver la determinaciÓn que on a family who claimed they know just how dire those consequences can be. harry now picks up the story at a crucial moment in church history. >> the irs issued letters recognizing scientology and every one of its organizations as fully tax exempt. the war is over! >> reporter: october 1993, thousands gather in los angeles to celebrate as the leader of the church of scientology announces victory over the irs. for years, the u.s. government had refused to recognize scientology as a religion and was demanding it pay $1 billion in back taxes. after a bitter legal battle, the irs relented and granted tax exempt status. >> there
NBC
Jan 18, 2013 4:00am PST
balanced wash. >> turning now to biz. will a rebound in the world's second largest economy be good news on world series? china's growth products sped up by a faster than expected 7.9% in the fourth quarter. we'll see how investors react and how long it will last. >>> stocks came to live thursday thanks to a jump in housing starts and the lowest weekly jobless claim numbers since january 2008. after the bell, chip make intel ticked lower. more corporate reports ahead today, including general electric and morgan stanley. >>> gold prices settled around $1690. meaning this 177 ounce gold nugget reportedly discovered with a medal detecter in australia is worth just under $300,000. pretty good find. >>> toyota has settled the first in a string of wrongful and injury deaths overunintended acceleration. the family of a utah couple killed when a toyota slammed into the wall will collect an undisclosed sum from the automaker. >>> oprah winfrey's interview with lance armstrong has brought a pretty penny for her cable network. ad slots sold at a premium was expeced to sell out. oprah bolstered the
NBC
Jan 18, 2013 5:00pm PST
that the republicans have backed down from what the white house calls the threat to hold the u.s. economy hostage. >> thank you, steve. we will have continuing coverage throughout the weekend, our political analyst will join our team ofrespondents as the president begins his second term. the big public swearing in is on monday. >> i remember four years ago it was bitter freezing temperatures. it will be better, jeff? >> yeah, looks more mild and that is good news in washington, d.c., a lot of them have coats to keep them warm. back here in the bay area, it's all about the mild weather coming our way and in fact today we started to warm up. let's look at the huge temperature surge. we started off at 30 in gill role and th-- in gill row and tn went up to 60. for the mavericks, the waves are beginning to slowly increase four to five feet, but as we go the sunday, the swells that are building in hawaii will get here and we are looking at 20-35 foot waves possible out at the mavericks, but the entire coast line will have dangerous waves and rip currents so you may want to leave the water up to the exp
NBC
Jan 18, 2013 6:00pm PST
. >> what's the biggest misconception about our economy? >> is that the did he haeficit biggest problem we face. the deficit is not the biggest problem we face. the biggest problem we face is jobs. and wages. >> for decades we've been told don't tax the upper class because the less tax they have, the better it is for the middle class. true or false? >> false. the idea of the job creators belies -- the truth about the economy is the vast middle class, everybody is aspiring to join the middle class, they are the job creators because their spending creates jobs. >> we've been sold on this for years. >> i don't know why they've been sold on this. trickle-down economics, the idea if you give more tax breaks to people at the top and companies at the top, you're going to create jobs, has been proven over and over again to be false. >> some amazing insight. what's next for robert reich? he says if the president asks, he would go back to washington. as for now he loves teaching at cal and just released his latest book called "beyond outraged. "you can find the segment on nbcbayarea.com/the intervie
NBC
Jan 16, 2013 4:30am PST
dollars pumped into the airport and local economy each year. nbc, bay area news. >> the forecast now with christina loren. it's bad when 36 is a warm-up. >> wow. >> it is going to be dreamy later today, keeping with the theme. temperatures in the 60s in some cities. we have a good-looking rebound. another cold start. however, with that said i'm happy to report this is the first morning in four days we don't have a freeze warning in place. 38 degrees in san francisco. although it's not that much warmer. 30 in napa. 28 degrees in navado. throughout the day we have a nice rebound. high pressure building in quickly. you have to take the good with the bad. as temperatures come up, the air quality is suffering. it's a spare the air day. we'll put it on the table right off the bat. so if the wood burning stove isn't your only source of heat, please postpone the fire until maybe, i would say we'll get better air quality tomorrow. a stronger on shore flow. temperatures will be comfortable. 61 degrees in fremont. 60 today in san francisco. santa cruz will be the warmest city not just today but
NBC
Jan 17, 2013 4:30am PST
, the hospital says it was hit hard by the economy. it says it eliminated unfilled positions and offered voluntary retirements and resignations before laying off 200 employees. some are questioning whether the cuts are legal because they were reportedly discussed behind closed doors. washington hospital gets funds from property taxes so it must follow the same public meeting laws as a city council. >>> it's 4:52 right now. if you like buzzer beaters, you're going to like this. laura garcia-cannon will like it too. we'll show you how st. mary's dead it. >>> and rumors that tiger woods may be reconciling with his ex-wife. >>> a wide view of the south bay but i'll show you the east bay coming up. >>> rumors swirling that tiger woods is trying to get back with his ex-wife. a prenup deal is worth more than half of his $600 million fortune. >> unbelievable. >> reportedly elin will consider this proposal if it includes a $350 million anti-cheating clause. how about that? the couple divorced in 2010 after tiger revealed he was a serial cheater and had a series of mistresses. >> that sounds like
NBC
Jan 17, 2013 6:00pm PST
. >> tech production tends to sink lower when the economy is struggling and when things are going well, drive us out of recession according to ross duval, study author. things are booming now and the numbers would support that. according to a new report on startups compiled by researchers, silicon 1234r50e8 12 was the best place in the world to start a company. >>> that might explain the area's number one ranking notice milken study but also consider these tidbits. san jose's wage growth dropped almost 2% in the last year, per the u.s. labor statistics and santa clara's unemployment rate, while a steady 7.7% is good for just seventh best in the state of california. >> job growth here greatly exceeds what we're seeing in any other metro area in the country. the challenge is there are still many families struggling as we know. unemployment exceeds 8% in san jose. >> and council mann's remarks there summarize the situation well. we are adding the most jobs of any place in the country here in silicon valley. that's true. startups are flourishing. but the overall economy by standard measure
NBC
Jan 18, 2013 6:00am PST
are using robots. this sunday on "press: here" we'll examine what robots mean for the world economy. we sent factory jobs overseas. chinese make iphones. those jobs could come back to america to be made by robots. one of the world's experts on technology and manufacturing from m.i.t. will be my guest this weekend. this could really be a game changer. for the last ten years we've been giving developing economies like china and india a taste of capitalism. they have this growing standard of living. we're this close to taking those jobs away. the minute robots are cheaper to operate than people, what will happen to china? they lose their jobs. they are our biggest bank. this has serious implications. >> you are all over it for us as always. thank you so much. >> scott has good guests. all right thank you very much. look forward to that. we're always looking for cheaper ways to fly. if you ever wondered how far in advance you need to book a flight to snag the best deals, we've got your answer right now. according to cheapair.com. it's 49 days flying domestic. 81 days if you are flying internatio
NBC
Jan 14, 2013 5:30pm PST
damaging to our economy. i think it would actually add to our deficit, because it will impede growth. >> reporter: another more immediate political fight for the president, confirming his pentagon nominee, chuck hagel, a republican, who got a boost on "meet the press" sunday from former republican secretary of state, colin powell, who used the occasion to take a larger, deeper shot at the gop. >> there's also a dark -- a dark vein of intolerance of some parts of the party. what do i mean by that? what i mean by that is, they still sort of look down on minorities. how can i evidence that? when i see a former governor say that the president is shuckin' and jivin'. that's a racial era slave term. >> reporter: now, brian, the issue of the lack of diversity in the president's second-term appointment so far came up at the press conference today, and the president simply asked for more time, defended his record of diversity in the first term and said wait until he's finished with all of his appointments. >> chuck todd on the north lawn of the white house for us tonight. chuck, thanks. >>> o
NBC
Jan 14, 2013 11:00am PST
that is unacceptable. >> a self-inflicted wound on the economy. it would slow down our growth, might tip us into recession. and ironically, would probably increase our deficit. >> reporter: and it would, the president warned, delay checks for social security and veterans' benefits. the president also said he would soon ask lawmakers to create new gun laws in the wake of the newtown massacre. he will likely seek universal background checks, limit on high-capacity magazines and a ban on assault weapons. reporting live here from the newsroom, i'm bob redell. >> bob, thank you very much. >>> after nearly two months in the hospital, former president george h.w. bush has been discharged. nbc news learning doctors at methodist hospital in houston, texas releasing the 88-year-old bush just this morning. he was admitted november 23rd for treatment of a bronchitis-related cough. in december, the nation's 41st president spent a week in the hospital's intensive care unit for treatment of a persistent fever. no word so far whether the elder bush will return to his houston home or be moved to rehabilitat
NBC
Jan 16, 2013 11:00pm PST
. >>> in silicon valley, the technology economy, there's a reason we call things version 2.0. sometimes things need a little adjustment before they're ready to re-roll out. >> at this point there's no word on whether passengers on friday's flight will be rerouted. air india has grounded its dreamliners for the time being. >>> san jose are telling parents to be on the lookout for a man who tried to rip a child out of her mother's arms yesterday. this is a sketch of the suspect. an east san jose mother told her the suspect came up to her and her children in their front yard yesterday afternoon. she told us she knew something was wrong when he kept saying how beautiful her children were. shortly after he grabbed the 2-year-old daughter by the feet. >> when he knelt down, he grabbed my daughter by her feet, by her -- her ankles, and he -- i kind of picked her up. as she fell back on me, we were tugging at each other. and her bottoms were falling off. and then eventually her boots fell off. >> the mother didn't want to be identified there on camera. the mother was able to wrestle her daughter away and r
NBC
Jan 14, 2013 4:30am PST
're seeing is just your typical gasoline engine cars getting really good fuel economy. 30 and 40 miles per gallon. something we've never seen before. >> it's the car freak heaven. industry analysts say the mood at this year's show is upbeat. car sales estimates for the 2012 year was the best since 2007 and the feeling is the worst is behind them. >> what about the forecast when it comes to that? we're continuing to follow our top story this morning. everyone is talking about the cold snap we're under. >> we're letting you know why it's being blamed for a number of problems across the bay area including this house fire that left a south bay family homeless. >>> it's not over yet. bay area, get ready for yet another cold morning. i'm christie smith. coming up we'll show you how cold it is here in walnut creek. >> that's right. dress in layers today. if you are sick of the cold, a welcomed warmup just days away. from 30s to start close to 70 degrees to finish by the week's end. your full forecast in just a few moments. >>> staying on today's theme i guess we're talking about the cold weather
NBC
Jan 14, 2013 6:00pm PST
the failure to raise the debt ceiling would send shock waves through the economy both national and global. that being said, president obama only fanned the flames today painting a picture of government catastrophe based on the facts seems a bit trumped up. >> ladies and gentlemen, the president of the united states. >> reporter: in the first press conference of his second term, president obama wasted little time scaring the day lights out of millions of americans who rely on government paychecks for one service or another, of the consequences of a u.s. default. >> may not be able to pay our troops or honor our contracts with small business owners. food inspectors, air traffic controllers, specialists who track down nuclear materials wouldn't get their paychecks. >> reporter: the president's statement is speculative and not true because, frankly, no one knows what programs will be short changed if the u.s. can't meet its payment obligations. it's never happened before. but here is what we do know courtesy of the bipartisan policy center. if congress fails to raise the debt ceiling the gove
NBC
Jan 13, 2013 6:00am PST
and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. taste so uniquely fresh and delicious? is it the rich florida soil? or the perfect blend of sunshine, rain, and temperature? maybe it's the fact that florida's natural oranges are never imported. they're raised right here in florida, and passed with care from our hands to yours. 100% pure. 100% florida. florida's natural. you know you could just use bengay zero degrees. medicated pain relief you store in the freezer. brrr...see ya boys. [ male announcer ] new bengay zero degrees. freeze and move on. try our entrees, snacks and new salads. salmon with basil, garlic chicken spring rolls, and now salads, like asian-style chicken. enjoy over 130 tasty varieties, anytime. lean cuisine. be culinary chic. >>> brooklyn has a rich jazz history. it is often overlooked by all the big name clubs over here in manhattan. it is in a living room in an old brown stone in brooklyn's bedford section that is quietly generating buzz among jazz fans and curious visitors looking for
NBC
Jan 17, 2013 6:00am PST
of jobs. in a statement released to nbc bay area, the hospital says it has been hit hard by the economy and says it had to eliminate unfilled positions and order voluntary retirements and resignations before laying off 200 employees. some are questioning whether the cuts are legal because they reportedly took place behind closed doors. washington hospital does get funds from property taxes meaning it must follow the very same public meeting laws as a city council. >>> the board of pilot commissioners will meet this morning for the first time since the tanker crashed into the bay bridge. the board's agenda does not include the crash but board members could talk about that january 7th incident. it was foggy when the tanker sideswiped one of the towers of the bay bridge. there are reports that faulty navigation equipment could have led to the crash. this morning's meeting takes place in san francisco at 9:30. >>> this next one is a huge international story. shares of boeing under pressure again today as the grounding of the 787s continue. >> as of this morning every single dreamliner in th
NBC
Jan 15, 2013 5:00am PST
with several private equity firms. we get a trio of federal reserve officials speaking out on the economy. dow rising 18 points in yesterday's trade and nasdaq slipping by eight. in other news, middle class is tightening their belts. among those making between 50 and $100,000 a year spending declined during the holiday season. that comes amid a lackluster outlook in the job market. the magazine says the most troubles for consumers include not being able to afford medical bills or medications or a reduction in health care coverage and missing a payment on a major bill not including a mortgage. consumer reports say americans will be confronted with a smaller paycheck this month. that's the latest. back to you. >> thank you much. paypal expanding. you can use it to buy the orange dream machine at jamba juice. you will be able to order a dream machine ahead of time on your iphone. not sure what we're seeing here. i don't know. so any way you'll be able to pay with it by paypal and walk into the store and pick it up. one thing i make my kids admit is that it is just ice cream. as long as you do tha
NBC
Jan 14, 2013 5:00am PST
thinks the economy is going to grow faster than we expected. fed chief bernanke has a q & a after closing bell today. new reports say apple scaled back orders for screens that go in iphones because it's not selling as many as it hoped. maybe half as many according to "the wall street journal." apple stock could dip below 500 this morning. perhaps apple is too mainstream and the phone is parents instead of cool teen baby sitter. i wonder if everyone who wants an iphone has an iphone by now i would imagine. >> good point. i'll take two. i have cracked them already. >> five or six. >> samsung running away with this. those bigger phones. lots of people seem to think are the new cool. >> i had a chance to hold one. they are cool. >> i ain't got the pockets for it. >> you need overalls. let's check in with christina loren to find out what we need to stay warm outside. how cold is it? >> scott will need to put a jacket over those overalls this morning. it's chilly out there. you put that in your mind as well. i like it. 24 in gilroy. 38 degrees in san francisco. cold start to the day. highs in t
NBC
Jan 19, 2013 5:00am PST
. and then get washington out of the way so that the economy can take off. they're their are good signs that the economic recovery is getting into a fairly healthy territory. but the threat to confidence, the uncertainty around the recurring crises we've had over the debt limit, over the fiscal cliff have been an impediment. if he can get that out of the way, he could then move to some of his other priorities and watch the economy grow over the next couple of years. >> i want to talk about the priorities in a second. you brought up this standoff. you know, one point, of course, there were democratic majorities in the house and senate, making it much easier to get some of those priorities through. now he only has the senate. how will that affect the president's wish list in the second term? >> well, he has the good fortune on the immigration issue which is one of his big priorities after the economic recovery and growth. from the fact that republicans know from the recent election results that they need to get healthy with hispanic voter. they were way on the downside of that growing con
NBC
Jan 17, 2013 7:00am PST
401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. >>> we are back at 8:21 with oils scar and tony-winning actress, catherine zeta-jones. she place the wife of a corrupt mayor in "broken city." >> when her husband hires a priva privateer to track her, she says he is following the wrong story. >> this is not what you think it is mr. taggert. >> i get fide take pitch perrers, not think. >> if that woman you put down the bottle for means anything, if the last seven years of your life means anything, walk away. if you think you are investigating adultery, mr. taggert, you don't know nicholass who set nicholas s who st very well. >> catherine zeta-jones, good morning to you. we want to talk about this movie is a good one. first we saw you at the golden globes the other night, you were a presenter which i think would be-racking than as a nominee. you sang your opening line. >> node choice. going to the nerves, i get nervous walking down a red carpet, literally, it's always nerve-racki
NBC
Jan 18, 2013 7:00am PST
want to try to stimulate the economy. we'll give folks a break and lower it. it went from 6.2% to 4.2%. now it's back where it started. >> and congress decided not to decrease it because they felt that the economy was strong enough? it may sound small to some but doesn't feel small to a lot of people. >> we're talking about 160 million people that are affected by this. the average worker will feel like a $700 loss in income for the year. and biweekly check, that will really hit you. $50,000, it will go down by $38 every two weeks. >> is there a quick and easy way to calculate how much you're going to lose if you're in the mood to do that? >> you actually just calculate your wages by 0.2. >> do you have some tips for us as to what the best way to handle this is? >> it will take a lot of discipline from a lot of people. you were used to this and now you don't have it anymore. start with juadjusting your withholding. you want a little bit more in your paycheck every time. to do that, you need to double-check your withholding. go to the irs calculator and make sure you have the withhold
NBC
Jan 18, 2013 9:00pm PST
. >> his house is art which in a booming economy you might be able to sell and make some money, but in a recession, completely worthless. >> real estate, his achilles heel. when the market tanked in 2008 mcafee's fortune was seriously downsized. on top of that, he was contesting five lawsuits. the most serious was a wrongful death suit stemming from a fatal 2006 ultra light crash at his flight school. >> one of the lawyers suing mcafee accused him of leaving the united states to avoid paying a huge judgment in that ca case, but whatever his motivation by 2009 mcafee had re-settled in belize and he wanted david faber to tell the world he was back in business. >> i'm an impatient sort of person when it comes to business, and i'm able to do things, you know, very quickly, very freely and without incumbrance. so this is the place. >> to make his point, mcafee set out to show the cnbc crew just what a creative capitalist could achieve in belize. >> this water taxi service, up and running in just two months. these ultra lights, that fatal crash back in the states was no deterrent her
NBC
Jan 16, 2013 7:00am PST
and weak economies. back to you. >> mary thompson of the new york stock exchange. thank you. what is more incredible than a spectator at a basketball game sinking a half-court shot? check out what happened when atlanta hawk fan kevin went for the thousand dollar prize at half time. as you see, the ball got wedged there right between the backboard and the rim. kevin, though, did win the thousand dollars because the shot was so unbelievable, and technically the ball did make it into the basket when a hawk staffer then yanked on the net. >> go back to the beginning of that. technically, savannah just pointed out he shouldn't have gotten the money because he stepped over the line at half-court. watch closely. there, right there. i would have given it to him, savannah. >> i think we all know that i would have given it to him. just for showing up, i would have given him the thousand bucks. let's get to dylan dryer who is in for al. what a mess on the east coast this morning. >> such a mess. commuters dealing with rain, ice, sleet. we have snow across new england. it is going to be messy through
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